Dishman Pharmaceuticals successfully completes USFDA inspection
DSIJ Intelligence / 14 Jul 2016
On July 14, Dishman Pharmaceuticals and Chemicals hit high of Rs 143.4 or has risen by 6 per cent on bourses, as the company announced it had successfully completed US FDA inspection for its two sites located at Aarau and Neuland without any adverse observations and received the Establishment inspection Report (ElR) for the same.
On July 14, Dishman Pharmaceuticals and Chemicals hit high of Rs 143.4 or has risen by 6 per cent on bourses, as the company announced it had successfully completed US FDA inspection for its two sites located at Aarau and Neuland without any adverse observations and received the Establishment inspection Report (ElR) for the same. Thus, now the company has the above two sites in addition to Bubendorf in Switzerland, which are approved by the USFDA.
Currently the company’s stock is trading at Rs 140.5 or 7.05 per cent higher, and the day’s high/low price is 143.4/131.85 so far. Dishman Pharmaceuticals & Chemicals Company is an outsourcing partner for pharmaceutical companies, offering a portfolio of products and development, scale-up and manufacturing services.
The company operates in two segments: contract research and contract manufacturing (CRAMS), and others (bulk drugs, intermediates, quats, speciality chemicals and traded goods).
For the quarter ended March 31, 2016, the company reported a consolidated net profit of Rs 49.92 crore, up 29.29 per cent, against Rs 38.61 crore in the corresponding quarter a year ago.
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